Actuary Analyst

Job Description

Actuarial Associate

Job Summary

Seeking a highly skilled and motivated Actuarial Associate to join a dynamic team. This is a remote position offering the opportunity to work on a diverse range of insurance products including Property Workers Compensation General Liability Commercial Auto and Professional Liability. Reporting to the Chief Actuary the successful candidate will play a pivotal role in performing and communicating actuarial analyses providing actionable insights and collaborating across teams to drive data-informed decisions.

Compensation Package

• Salary Range: $125000 - $155000 annually bonus opportunities
• Competitive benefits package paid time off professional development opportunities etc.

Responsibilities

• Conduct profitability analyses and develop indications for various insurance lines of business.
• Assist in analyzing and implementing changes to existing insurance products and developing new products.
• Translate analytical findings into actionable insights and effectively communicate results to both actuarial and non-actuarial stakeholders.
• Identify trends anomalies and data quality issues providing thoughtful recommendations.
• Research new business opportunities and analyze data to advise senior management on profitable business segments.
• Monitor financial and underwriting results to identify emerging trends and risks.
• Create forecasts and estimates summarizing findings in detailed reports.
• Develop and maintain rating economic and other models using best practices and statistical techniques.
• Collaborate with peers to share knowledge review work and improve team processes.
• Recommend changes to products pricing and risk management to support market share growth and profitability.
• Ensure compliance with internal and external standards and requirements.

Qualifications/Requirements

• Bachelors degree in Actuarial Science Mathematics Statistics Economics or a related field.
• 4 to 7 years of Property & Casualty (P&C) actuarial experience preferably in commercial lines pricing.
• Progress toward ACAS designation with a minimum of 5 exams passed.
• Strong knowledge of insurance rate-making methodologies and pricing techniques.
• Solid understanding of financial concepts related to P&C insurance.
• Proficiency in SQL for data extraction and manipulation; experience with R or Python is a plus.
• Familiarity with data visualization tools such as Power BI Qlik or Tableau is advantageous.
• Excellent analytical problem-solving and data analysis skills.
• Strong presentation verbal and written communication skills with the ability to clearly present findings and engage in collaborative discussions.
• Self-starter with a proactive mindset and the ability to take initiative in identifying next steps and driving work to completion.

Disclaimer: Please note that this job description may not cover all duties responsibilities or aspects of the role and it is subject to modification at the employers discretion.

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Required Experience:

IC